Rigases Sentences Reduced

John and Timothy Rigas will be spending less time in prison than they were originally sentenced to. A judge has reduced their sentences by three years. John Rigas had been serving a 15-year prison term, while his son, Timothy, Adelphia's former chief financial officer, was sentenced to 20 years in prison.
The Rigases were convicted of securities fraud, conspiracy to commit bank fraud and bank fraud. When it collapsed into bankruptcy in 2002, Adelphia was the country's fifth-largest cable TV company.

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